EU’s dependence on dollar to be reduced under new proposals

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Europe is being affected by the threat of US sanctions on firms that trade with Iran

Plans to reduce European Union dependence on the US dollar – and so improve the bloc’s ability to run an independent foreign policy that is less exposed to US sanctions – were unveiled on Wednesday by the European commission.

The proposal has grown in significance for European integrationists as firms from EU countries withdraw investments from Iran faced by the threat of punitive secondary sanctions from the US.

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Source: iran
Link : EU’s dependence on dollar to be reduced under new proposals

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